TY - JOUR
T1 - Welfare costs of sticky wages when effort can respond
AU - Bils, Mark
AU - Chang, Yongsung
PY - 2003/3
Y1 - 2003/3
N2 - We examine the impact of wage stickiness when employment has an effort as well as hours dimension. Despite wages being predetermined, the labor market clears through the effort margin. Consequently, welfare costs of wage stickiness are potentially much, much smaller.
AB - We examine the impact of wage stickiness when employment has an effort as well as hours dimension. Despite wages being predetermined, the labor market clears through the effort margin. Consequently, welfare costs of wage stickiness are potentially much, much smaller.
UR - http://www.scopus.com/inward/record.url?scp=0037343706&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0037343706&partnerID=8YFLogxK
U2 - 10.1016/S0304-3932(03)00004-7
DO - 10.1016/S0304-3932(03)00004-7
M3 - Article
AN - SCOPUS:0037343706
SN - 0304-3932
VL - 50
SP - 311
EP - 330
JO - Carnegie-Rochester Confer. Series on Public Policy
JF - Carnegie-Rochester Confer. Series on Public Policy
IS - 2
ER -